AIC and Aderes announce completion of fund mergers
Net assets transferred to AIC Funds
- By: IE Staff
- August 31, 2000 August 31, 2000
- 16:15
Net assets transferred to AIC Funds
Purchases Global Strategy Holdings for $438 million
New subsidiary to operate in Toronto, Montreal<br>
Integration scheduled for October 10
Four funds account for 59% of year-to-date-sales
Name changes, mergers and revised investment objectives
Will manage funds to be launched later this year
Reclassifies non-voting shares into common shares
Barth, Brown leave to pursue other interests
Signs on as growth manager for two funds
Focusing on equities
Unveils three more
Six-month earnings up $4.4 million
Shares to be posted for trading on August 25
Commissions range between 3% and 6%
Summer newsletter outlines recent activities
Pynn, Quinn and Wolfe sign four-year employment agreements
Foreign equity funds continue to dominate
Young says alternative to mutual funds would disappear
Pays out $9.9 million in shared profits in 1999
Will focus on cost-cutting, Premier Asset Management in 2001
Focuses on e-commerce and biotechnolgy sectors
Registrants to receive free Palm Pilot
TSE seeking brokers to act as Registered Trader
Fundata, FundSERV sponsor ninth annual Classic